What Is The Net Worth Of Jeff Bezos?

Jeff Bezos is an American technological entrepreneur, investor and philanthropist with a net worth of $113.7 billion. He is the founder, Chairman, president and CEO of Amazon Inc. and Amazon.com. As of August 2019, he is the richest man in the world.

He is also the founder of Blue Origins, a spacecraft company and Bezos Expeditions, his own capital venture.

Net Worth Details: Income Sources, Salary And Earnings

Jeff has a net worth of $113.7 billion as of 2019, making him the richest person in the world. His average annual earning amounts to be $78.5 billion which deduces to $6.5 billion a month.

Another way to put it into perspective is by the time one finishes reading this article, he would've already earned around $200,000.

Jeff for amazon

Jeff's massive income comes mainly from Amazon, an online shopping company with various retailers. This year, Amazon became the second company to reach a market valuation of $1 trillion after Steve Job's Apple.

Bezos started Amazon in 1993 as a bookstore, after which, year after year, it turned into the largest company ever.

Jeff for Blue Origin

He founded Blue Origin in 2000, a company aimed at starting commercial spaceflight. The company maintained a relatively low profile until 2018, when he announced that spaceflight tickets would cost somewhere between $200,000 to $300,000 per person.

Although these numbers seem massive for us mortals, eliminating the time factor, Jeff himself could afford to take spaceflights 60 times in an hour! He has sold over $1 billion worth of Amazon stocks to fund Blue Origin that has been competing with Elon Musk's SpaceX.

He purchased The Washington Post in 2013 for $250 million in cash. He is also one of the first shareholders at Sundar Pichai's Google, owning around 3 million stocks in 2019.

Divorce Settlement

Jeff lost over $38 billion dollars to his ex-wife, Mackenzie Bezos, as their divorce settlement. This has made his ex wife the fourth richest woman on the planet.

Jeff Bezos' Assets: His House, Cars, Lifestyle And Expenses

Jeff lives in Washington in a 20,600 square feet property. He paid $10 million for the house in 1998. The house consists of 5 bedrooms and 4 bathrooms along with a massive front yard and a wooden gate. His other Washington property spans an area of 8,300 square feet that costs $53 million.

The house consists five bedrooms and 6 baths. Recently, Jeff purchased another property; a 3 story penthouse in New York for $80 million. He also purchased his maternal grandad's 25,000 acre ranch and expanded it to 300,000 acres.

Jeff's one of 2 houses in Washington

His favorite car is his Honda Accord that he has driven since 1996. He has been spotted multiple times in the $2000 ride.

There had also been a rumor that he bought a $400 million yacht 'Flying Fox', but the rumor was proved to be false.

Charity And Endorsements

Jeff has conducted many philanthropic projects, funded by Bezos Expeditions. In 2013, he pledged $500,000 to Wordreader, a non-profit organization founded by a former Amazon employee. On June 15, 2017, he posted a message on twitter asking ideas for philanthropy. At the time Bezos' philanthropic deeds summed up to around $100 million.

He announced in September 2018 that he would commit around $2 billion to fight homelessness in America. As recent as January 2018, he donated $33 million to TheDream US, a college scholarship fund for undocumented immigrants in US brought as minors.

Tax And Insurance

Although, his personal taxes are not known, his company Amazon got a federal tax refund of $119 million and had to pay a total of $0 in federal taxes for the past two years. A decision that many opposed.

In response, an Amazon spokesperson said,

Amazon pays all the taxes we are required to pay in the U.S. and every country where we operate, including paying $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years."

Jeff Bezos: the richest man on Earth

He also has all of the necessary insurances completed; life insurance, house insurance, vehicle insurance, etc.

The Personal Life Of Jeff Bezos

Jeff Bezos was born on 12th January 1964, in Albuquerque, New Mexico, to parents Jacklyn Gise and Ted Jorgensen. After his parents' divorce, he grew up with his mom and stepdad Miguel Bezos.

The family then moved to Houston Texas where he worked for Exxon, after completing his education with a bachelor's degree from University of New Mexico.

Relationships: Marriage, Wife

Jeff met MacKenzie Tuttle in 1992, Manhattan, working for DE Shaw. The two got married a year later and in 1994, they moved to Seattle, where Jeff founded Amazon. Jeff has four kids, 3 biological and one being adopted from China.

Jeff and his ex-wife Mackenzie Tuttle. (1993-2018)

After 25 years of marriage, the couple got divorced. The divorce was settled with Jeff keeping 75% of Amazon's shares and MacKenzie taking the rest 25%.

Age & Height

Jeff Bezos is 55 years old. He stands 171 cm or 5.6 feet.

Some of his famous quotes include:

A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.

If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.